Atletico De Madrid Fan Token/Tether Market Overview

• ATMUSDT opened at $1.342 and traded between $1.321 and $1.357 before closing at $1.353 at 12:00 ET.
• Price showed a clear bullish reversal after hitting a 24-hour low of $1.306, rebounding to form a strong high of $1.357.
• Momentum picked up during the late morning with a large-volume bullish candle and a strong RSI divergence.
• Bollinger Bands widened during the morning surge, indicating rising volatility and a breakout in progress.
• Turnover surged above $400,000 during the late-night rally, with volume increasing significantly in the early hours.

At 12:00 ET on 2025-09-16, Atletico De Madrid Fan Token/Tether (ATMUSDT) opened at $1.342, reached a high of $1.357, touched a low of $1.304, and closed at $1.353. The 24-hour notional turnover amounted to $714,925 with a total volume of 334,515.6 traded.

Structure & Formations

ATMUSDT displayed a clear V-shaped reversal after bottoming out near $1.304. A large bullish candle formed between 05:30–05:45 ET, which reversed the downward trend and pushed prices up. Key support levels emerged around $1.318 and $1.325, while resistance was seen at $1.340 and $1.357. A bullish engulfing pattern at $1.321–$1.328 signaled a potential short-term reversal, and a hammer-like structure at 03:30 ET confirmed a bottoming process.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the early morning, confirming a shift to bullish bias. By 12:00 ET, the price was trading above both, suggesting upward momentum. On a daily basis, the 50-period MA is at $1.328, and the 200-period MA is near $1.315, indicating the price is now comfortably above its medium- and long-term averages.

MACD & RSI

MACD turned positive around 04:00 ET and remained in bullish territory for the rest of the session, with a bullish crossover at 05:30 ET. The RSI bottomed at 30 and rose to 58 by 12:00 ET, indicating a recovery from oversold levels and a shift in momentum to the bulls. However, RSI has yet to enter overbought territory, suggesting the rally may continue.

Bollinger Bands

Bollinger Bands experienced a contraction in the early hours before expanding sharply in response to increased volatility. Prices traded near the upper band from 05:30 to 06:45 ET, indicating strong bullish momentum and a potential continuation of the move. The current closing price is just below the upper band, suggesting elevated volatility and a likely continuation of the uptrend.

Volume & Turnover

Volume spiked dramatically during the early morning rally, with the candle at 05:30–05:45 ET showing a volume of 409,474.02, the highest in the dataset. This was accompanied by a sharp increase in turnover, confirming the strength of the bullish move. A divergence appeared in the later hours, where volume decreased despite continued price gains, suggesting the momentum may be running out of steam.

Fibonacci Retracements

Applying Fibonacci retracements to the 24-hour swing from $1.304 to $1.357, the 38.2% level at $1.330 and 61.8% at $1.347 were key levels where price found temporary resistance. The current close at $1.353 is just above the 78.6% retracement level, suggesting a strong move beyond the prior swing high and a possible target for a continuation pattern.

Backtest Hypothesis

A potential backtesting strategy involves using the 20/50 MA crossover as an entry trigger, with RSI below 30 as a filter to identify oversold conditions. Stops could be placed below key support levels such as $1.325 or $1.318, while take-profit targets could be set at the 61.8% and 78.6% Fibonacci retracements. This approach would have captured the morning rebound and potentially allowed for a partial or full exit near $1.357. Given the strong volume confirmation and the RSI divergence, this pattern appears to be a reliable short-term trading opportunity for ATMUSDT.